Located in New South Wales within the Blue Mountains local government area, Woodford is a close-knit residential community (postcode 2778). The area has roughly 1,953 residents and an established demographic, with a median age of 44. Households earn a median income of $99K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Woodford has a median house price of $901,000, which has climbed sharply by 11% year-on-year. The current median weekly rent is $700. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,997.
Public transport access includes 4 rail stations, 11 bus stops. The crime rate in the Blue Mountains LGA is low at 1,840 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices sit below the state median ($901K/$1.5M), which can point to relative value. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +11.0% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.